Marks and Spencer

Marks & Spencer has announced plans to close another eight stores in a move impacting 468 jobs.

Tesco reported a steep rise in Christmas sales while Marks and Spencer reported a "mixed" result over the holiday period.

Marks & Spencer is stepping up plans to close under-performing clothing stores as it battles to turn its fortunes around.

The company posted a 63.5% plunge in bottom line pre-tax profits to £176.4 million on a comparable 52-week basis.

Archie Norman, who has lead several major company overhauls in recent years, will succeed Robert Swannell in September.

The supermarket has apologised over claims the livestock were up to six months old despite rules banning such housing beyond eight weeks.

Viewers were left divided after watching John Lewis's festive offering.

The chain released its half year results, revealing an 18.6% plunge in profits to £231.3 million.

M&S boss expected to announce a number of stores will close permanently and others will stop selling clothes in a bid to increase profits.

Syrian refugee children have been making clothes for British shoppers, it has been claimed.